Back
18 Mar 2015
USD/CAD: Bullish bias for an eventual attack on 1.30 - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, continues to hold a bullish bias in USD/CAD for an eventual attack on 1.30 near term.
Key Quotes
"Continually holding near the key resistance and yearly highs, the USDCAD continues to be bought up on pullbacks. On the 13th the bids stepped in forming a pin bar rejection off 1.2698 and we haven't seen that price since."
"I'm continuing with my bullish bias and for an eventual attack on 1.30 near term. 1.2698 and 1.2627 are my pullback levels, with only a daily close below the latter negating my ST bullish bias. Taking out the yearly highs puts the 'big figure' at 1.3000 into play.
Key Quotes
"Continually holding near the key resistance and yearly highs, the USDCAD continues to be bought up on pullbacks. On the 13th the bids stepped in forming a pin bar rejection off 1.2698 and we haven't seen that price since."
"I'm continuing with my bullish bias and for an eventual attack on 1.30 near term. 1.2698 and 1.2627 are my pullback levels, with only a daily close below the latter negating my ST bullish bias. Taking out the yearly highs puts the 'big figure' at 1.3000 into play.